Abandon Hope, Cineworld Tells Shareholders
Cineworld (LON:CINE) shareholders are set to be wiped out completely after talks to bring the company out of bankruptcy failed to attract enough interest from buyers. The owner of the...
At G20 Meeting, U.S. Accuses Russian Finance Officials Of Complicity in War
U.S. Treasury Secretary Janet Yellen accused Russian officials attending a G20 finance leaders meeting of being "complicit" in atrocities in Russia's invasion of Ukraine, while host India avoided mentioning the...
Nvidia Jumps on Bullish Outlook For AI-Fueled Demand; Sees Gaming Rebound
Nvidia (NASDAQ:NVDA) said better times are ahead for its chipmaking business, sensing a huge opportunity for its high-performance chips amid a growing frenzy for the new generation of artificial intelligence...
Telekom Reports Q4 Growth, Forecasts Slightly Higher Earnings in 2023
Deutsche Telekom reported better-than-expected-fourth-quarter earnings on Thursday, citing customer growth in Germany and strong performance from T-Mobile US (NASDAQ:TMUS), and forecast a slight rise in profits this year. Adjusted earnings...
Price Hikes Propel Danone’s Fourth Quarter Sales Above Estimates
Shares in Danone SA (EPA:DANO) rose on Wednesday after the French food products group reported better-than-expected fourth quarter sales that were fueled by higher prices. Total sales during the three...
Dollar Edges Lower; Fed Minutes Loom Large
The U.S. dollar edged lower in early European trade Wednesday, handing back some of the previous session’s gains as traders cautiously await the release of the minutes of the Federal...
Home Depot Shares Slide On Weak Sales, Annual Profit Forecast
Home Depot Inc (NYSE:HD) forecast annual profit below Wall Street expectations on Tuesday, hurt by higher supply chain costs amid weakening demand for home improvement products due to inflation. The...
IHG Adds $750 Million To Buyback, Raises Dividend As Travel Rebounds in 2022
InterContinental Hotels Group (LON:IHG) said it will buy back another $750 million of stock after the post-pandemic recovery in travel allowed it to post its best results in three years....
HSBC Logs Sharp Jump In Q4 Profit, Flags Special Dividend
HSBC Holdings PLC (LON:HSBA) logged a sharp jump in its fourth-quarter profit on Tuesday as rising interest rates greatly boosted its net interest income, while the bank also flagged a...
Raiffeisen Slumps After Confirming OFAC Request For Information On Russia Business
Shares in Raiffeisen Bank International (VIE:RBIV) slumped in early trade in Vienna on Monday, hurt by a report that it may be in trouble with U.S. authorities over its operations...